Bitcoinist
1 week ago
Asset Managers Push SEC To Revive ‘First-To-File’ Principle – Details 🗃️
Asset managers VanEck, 21Shares, and Canary Capital have approached the US Securities and Exchange Commission (SEC) to restore the "first-to-file" principle. This regulatory approach would ensure that exchange-traded products (ETP) applications are reviewed and approved in the order they are submitted.
The prominent investment firms stress the importance of a fair and transparent application process, aiming for equal opportunity in the approval and launch of such financial products.
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